Will Citigroup's Prudent Expense Management Support Performance?

Key Takeaways Citigroup is streamlining operations with job cuts and management layer reductions to lower costs. The firm will cut 3,500 tech roles in China CSCs by 4Q25 as part of continued global simplification. The company targets $2-2.5B in annual savings by 2026 and expects 2025 expenses below $53.4B.Citigroup, Inc.'s (C) CEO Jane Fraser is executing a sweeping overhaul of the bank to enhance its performance and reduce costs. The company made changes to its operating model in the fourth quarter of 20 ...